The European Commission has cleared two acquisitions under EU merger rules — one involving an Ireland-linked electricity interconnector business and another covering a European automotive lighting operation — saying neither deal raised competition concerns.
In the first decision, the Commission approved Mubadala Investment Company PJSC, Equitix Holdings Limited and Baltic Cable AB taking joint control of Greenlink (Luxembourg) S.à.r.l., with Equitix and Baltic Cable already shareholders in the company, it announced on Monday.
Mubadala is based in the United Arab Emirates and is ultimately controlled by the Abu Dhabi government, while Equitix is UK-based and Baltic Cable is Swedish.
The deal is primarily linked to electricity interconnection into and out of Ireland — meaning infrastructure that connects power networks so electricity can be transferred between systems.
The Commission said the transaction had a limited impact on competition in the markets where the companies are active and was assessed under the normal merger review procedure.
Automotive lighting deal also cleared
In a separate decision, the Commission approved German firm Mutares SE & Co. KGaA acquiring sole control of Magna Lighting Czech s.r.o. and Olsa S.p.A., together described as Magna’s European lighting business.
The transaction mainly concerns the design and manufacture of automotive lighting components.
The watchdog said it did not expect competition concerns because the companies are not active in the same or vertically related markets, and the deal was examined under the simplified merger review procedure.
The cases are listed in the Commission’s public register under numbers M.12321 and M.12397.
